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A Study on Effect of Demonetization on Indian Economy

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A Study on Effect of Demonetization on Indian Economy


Prof. Babagouda. A. Patil



Prof. Babagouda. A. Patil "A Study on Effect of Demonetization on Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5, August 2019, pp.1063-1066, URL: https://www.ijtsrd.com/papers/ijtsrd26562.pdf

Pulling back units of cash from dissemination is demonetization; units of cash are denied the status of legitimate delicate. Demonetization is characterized as a procedure by which cash units won't stay lawful delicate. The money notes won't be taken as substantial cash. Demonetization is a step taken by the administration where money units are stopped of its status as legitimate delicate. Demonetization is an essential condition to change national money. As it were, demonetization can be said a difference in money where new units of cash supplant the old one. It might include the presentation of new notes or coins of a similar category or totally new division. The cash has been demonetized thrice in India. The principal demonetization was in 1946, second in 1978 and the third was on 8th November 2016 (Tuesday). The investigation endeavors to get importance and reasons for demonetization, the segment insightful effect of demonetization. This examination likewise gives a knowledge into the positive and negative effect of demonetization on the Indian economy. This investigation is of graphic nature so all the required furthermore, significant information have been taken up from different diaries, magazines for distributed papers and sites. Books have likewise alluded for hypothetical data on the theme as required.

Demonetization, economy, GDP


IJTSRD26562
Volume-3 | Issue-5, August 2019
1063-1066
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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